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Follow on Google News | "Kuwait Consumer Electronics Report Q2 2011" now available at Fast Market ResearchFast Market Research recommends "Kuwait Consumer Electronics Report Q2 2011" from Business Monitor International, now available
In 2011, an array of new product releases should help to stimulate demand, despite overall weak household consumption. Growth is expected, despite a still mixed economic context. According to the Central Bank of Kuwait, imports have been decreasing in the past four years, but demand for new hightier products such as smartphones and LED TV sets was a growth area in 2010, with customers upgrading for the latest technologies and features. BMI forecasts that per capita consumer electronics spend will reach US$242 by 2015, from US$202 in 2011. Key factors behind the forecast growth are a favourable long-term economic outlook, a sophisticated consumer base and high levels of disposable income. However, we do not see a return to the stellar growth rates of the last few years (real private consumption growth averaged 9.0% between 2002 and 2007,) as there are doubts about the ability of infrastructure projects to feed through into job creation and a consumer recovery. Computers Computer hardware accounted for around 45% of Kuwaiti consumer electronics spending in 2010. BMI projects Kuwait's domestic market computer hardware sales (including notebooks and accessories) AV Devices AV devices accounted for around 35% of Kuwaiti consumer electronics spending in 2010. Kuwait's domestic AV device market is projected at US$247mn in 2010. The market is expected to grow at a CAGR of 3% from 2011-2015, to a value of US$292mn in 2015. More 'big box' electronics stores offering a wider choice and often better prices will help stimulate sales. Meanwhile, product innovation will drive demand in the AV product category, with a focus on features such as 3D, improved display quality and wider screens, as well as design and wireless capabilities. Mobile Handsets Mobile handset sales accounted for around 20% of Kuwaiti consumer electronics spending in 2010. Kuwait's market handset sales are expected to grow at a CAGR of 7% to US$199mn in 2015, as mobile subscriber penetration reaches 190%. Following the entry of new mobile network operator Viva, more competition will drive the replacement handset market and there will be growing demand for smartphones and 3G handsets. The upgrade of network infrastructure to support new data services will help to drive demand for 3G and higher-tier handsets. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary - Computers - AV Devices - Mobile Handsets SWOT Analysis - Kuwait Consumer Electronics Market SWOT - Kuwait Political SWOT - Kuwait Economic SWOT - Kuwait Business Environment SWOT Market Overview - Computers - Table: PC Sales - AV - Table: AV - Demand - Mobile Handsets - Table: Mobile Communications Consumer Electronics Industry - Table: Kuwait Distributors For Leading Brands Industry Forecast Scenario - Consumer Electronics Market - Table: Consumer Electronics Overview Industry Developments Macroeconomic Forecast - Table: Kuwait - Economic Activity Competitive Landscape - Computer - Handsets - AV Company Profiles - Axiom Telecom - Jumbo Electronics - Eros Group BMI Methodology - How We Generate Our Industry Forecasts - Electronics Industry - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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